Taylor’s accused of convincing churchgoers in Georgia and across the country to invest in small businesses and using the money to fund a lavish lifestyle.

The Securities and Exchange Commission in April 2012 filed a complaint accusing Taylor, former chief executive of North Carolina-based City Capital Corporation, and another former City Capital executive of defrauding investors out of more than $11 million.

A federal judge ordered City Capital to forfeit $11 million in profits and nearly $1.5 million in interest and civil penalties.